Standard Bank has provided Safaricom Ethiopia with USD 138 million (approximately KES 17.94 billion) in financing to support the expansion of its digital infrastructure and services in Ethiopia. This funding strengthens Safaricom's commitment to digital transformation and inclusion in the region.

• Standard Bank acted as the sole arranger, lender, and facility agent, and an advisory partner for the financing.
• Dr. Joshua Oigara, Regional Chief Executive for East Africa, Standard Bank Group, highlighted the partnership's role in strengthening economic linkages and contributing to East Africa's digital economy.
• Safaricom Ethiopia has achieved 10.1 million three-month active customers within four years of entering the Ethiopian market.
• This collaboration aims to empower youth, entrepreneurs, and underserved communities and realize shared prosperity by 2030.